Why Lyft Stock Could Go Into Overdrive in 2025

Jack Welch, the longtime CEO of General Electric in the late 20th century, preferred to target the No. 1 and No. 2 companies in an industry when seeking to buy businesses. He felt that approach was necessary to maximize profitability and market share.Now, this approach might have begun to play out for the No. 2 in the rideshare industry, Lyft (NASDAQ: LYFT). Both Lyft and the industry leader, Uber, saw their stocks crater after launching initial public offerings (IPOs). While Uber made an eventual comeback, Lyft languished as its smaller size and scope made a potential recovery more difficult.Still, as Lyft makes improvements to improve its platform, the company is now on the verge of profitability. This could mean a long overdue recovery of the stock may soon begin.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool